 So, this talk is called Entice Me, and it's about what would convince me to split my old UTXOs and to sell BTC for BCH. And I'm going to talk about key items, and I'm just going to focus on things that I think are most important that you might not hear as much from other people. And here's some stuff about me, next one. So why you might want to listen, because somebody was saying, what do you think is a good investment that doesn't necessarily mean anything? So here's a list of reasons. And the most important one is betting on my own ideas, because I think that the future of Bitcoin should be determined by a prediction market. So I am acting like there is a prediction market that exists already. So if you watched my YouTube show at all, if somebody is acting like a leader with no followers, that looks a lot like a crazy person. So if I do become the leader in the future, then my earlier actions will look like genius in retrospect, but if I don't, then I will just be some crazy person on YouTube. So that's how I'm betting on my own ideas, and that's how you use a prediction market. I'm just not using doing it with money, right? So first item I'm looking for is people who are listening to me, and you guys are doing way better at this than the core group. So that's good. But don't listen too much, because cult members aren't valuable people. So investment is about survival. It is about the survival of your portfolio, and I think that the key to success is to convince people that BCH serves an important need in their portfolio. So they are going to survive better by holding Bitcoin cash. And I think that this is something that people misunderstood about earlier things that I wrote, because I said that investment is ultimately what determines the success of Bitcoin, that you have to invest in something for good reasons. So I think that the people in the core camp don't fully understand that, and they think that if they just get people to stay invested and they keep holding, then that automatically is in and of itself successful. So people should be thinking, whatever is going on around here, and by here I mean the Bitcoin world. Whatever is going on around, BCH will probably still be around, and I think that that is sort of the key to success if people are thinking that, because then they don't have to worry about it, because I think everything in Bitcoin is crazy. So if there's anything that people feel like they don't have to worry too much about it, even if it's not going to skyrocket relative to anything else necessarily, just not being less worried. That is the key, and looking like you will survive a long time from now is not the same thing as having a long-term plan. So I just wanted to make that point clear. So second item I'm looking for is people who are focused on survival as investors. So I don't actually know how to survive a long time, but I think merely focusing on that as the bottom line is important, because to me the core cult is trapped in a world of platonic forms, and they are not focused on survival, and so investment function of money, investment function of money is to invest in the other investors, okay? That's what the network effect means. So new money forms by a coalescence of people around a common unit of account, and Christina Story gave me a terminology for this called a creativity cluster. So that's what I'm looking for, and I noticed that in his latest video on permissionless systems, Rick Falconage, I hope I'm pronouncing that right, was trying to describe this, but he didn't have a good word for it, so Rick, if you're listening, you should say creativity cluster in the future, and it's on a later slide, but it's not on this slide. So third item I'm looking for is investors who are good at surviving who are looking to cluster with other investors who are good at surviving, because that means they know what money is for, so that's good. So next slide. So this is the success path of BCH, okay? So the idea is a good network already exists, a good creativity cluster, and those are the old investors in Bitcoin. So to me, people say Bitcoin Cash is not Bitcoin, or that they're cheating by making a fork instead of starting over, but that's what's good about it, is they kept the most important part of Bitcoin, which is the other investors, and they just switched out everything else. So to me, they figured out the right way of doing things, because they kept the most important part of Bitcoin, and so the group of investors that have clustered together when Bitcoin was forming can move together, okay? So they can stay invested in one another as Bitcoin Cash switches, okay, which is not what they can do with Litecoin or Dogecoin or something else. So a smooth transition, and I think the old unit of account is BTC plus BCH plus the other forks, because before the forks happened, that is what people were acquiring. In other words, what people were acquiring before is now an index fund, because that's what is in your portfolio now, if you were acquiring Bitcoin before. So the old unit of account is now the Bitcoin index fund, and the way to succeed is to get some of the old investors to focus more on Bitcoin Cash than on the other items in the index fund, and I don't think that you have to get them to focus very much, because it's possible to be indifferent, and most investors appear to be indifferent, at least as far as their actions are concerned. So the investors who are not indifferent have a much bigger effect on the outcome. So I think you need to attract old investors to focus slightly more on Bitcoin Cash, and that's really all it takes to win. So fourth item I'm looking for is old Bitcoin investors. Okay, so current situation, BCH is the backup plan. So I think that Bitcoin Cash needs to serve an important function in people's portfolios now, like the way it is, because that's what will convince people that it will survive a long time. So if it's useful now, then maybe it will succeed in the future, but that is not necessarily the reason, the main reason that you would want to invest in it, right? Or I should say that's what makes it look successful, if there are reasons to invest in how it is now, as opposed to just speculating on where it will be in the future. So I think that it is realistic to treat BCH as the backup plan, and that's how you should appeal to old investors, and that increases the chance of winning, because that's just focusing slightly more on BCH, which is all they really need to do. So fifth item I'm looking for is people who are acting like BCH is the backup plan, who would prefer it to be the main plan, and to me that is a realistic way to behave. So you should be open-minded to the incredible success of BCH, but that is not what you should be banking on, okay? Readiness for exponential growth equals maximize creativity. So if the way that BCH would be swapped out with BTC to become the main plan is if the BTC people do something stupid, and BCH is ready for exponential growth the moment people notice, okay? So okay, creativity cluster, again, if we have that, that is better for exponential growth, because a group of creative people who are all supporting one another can very easily accept new people. So I would like to see work that is focused on making it easier for future people to be creative, and preferentially supporting future creativity over just about anything else, really. So sixth item, creative people, good investors are creative, but all creative people are good. So not all creative people are good investors. I'm just saying that to distinguish these two possible things, because there could be creative people who are not good investors, but any creative people that looks good. Creative people can appear to be deranged or degraded, so I think that you guys are doing good at that. And it's not objective because nobody really knows what new things are genuinely not stupid, but if there are lots of creative people who are all supporting one another, then you can just make lots and lots of stupid ideas, and some of them will randomly turn out to be good. So once again, I don't think that the core people understand the value of creativity very well, because I don't think that their plan involves supporting future creativity of other people that they don't know. So disadvantage of being the backup plan, closer to death. But so greater creativity is required just to stay alive, but it's already something I'm telling you to do. So there really isn't a problem here, and if people see that you can survive while you're still closer to death, that's a good sign too. So I think that this is a disadvantage, but everything I already said, you're already prepared for this, if you're doing what I already said. So next item, advantage of being the backup plan, riskiness. So remember in an earlier slide, I said that if you're the backup plan, there is less riding on the success of BCH, right? So BCH can do all sorts of crazy things and get away with it, right? More easily than the main plan, okay? And if you're closer to death, then you should do that anyway. So these two things work together. But you shouldn't just take random risks. So later I'm going to tell you what risks I think you should be taking that are the best risks. So you need to figure out the optimal way to be risky. So I'm going to make a suggestion on that. So if you can do things that are too risky for other people, then you can learn from situations that other people cannot be in, right? So if you can be risky, then you can learn new things that other people don't know. So next item, learning something that the core team doesn't know how to find out. And also this is why I think it's important from an investment perspective to treat BCH as the backup plan. Because if people are investing in it with that mindset, then we can optimize the core competency, right? Be more risky, and people aren't as worried, okay? Thank you. So in order to increase the chances of a flippening, we need to make everything more uncertain. So if you watch my discussions with people online, what I always do is I kind of act like somebody who is open-minded, but actually can't really be convinced of. So when I talk to the core cult members, what they want is for me to sell BCH, right? And they say maybe you could have more BTC if you sold your BCH. But I just say like, whatever. I don't try to prove that my strategy is the best one. See, I just want to be lazy and not worry about it, okay? So that is creating uncertainty because I'm saying I am not going to get too involved in the conflict. And I'm fine with whatever happens. So what they want is certainty because they want everybody to go along with their plan. So we need sustained uncertainty, and so I would want the BCH price over the Bitcoin index fund to be more volatile than the index fund over the dollar price. Because that will mean that it is rational to stay diversified if you, because getting in the conflict is clearly more difficult as an investor. So I would want, and this is already happening, so that's good. So comfortable with long periods of uncertainty. So if you are already treating BCH as the backup plan, that means you're okay with uncertainty because you're just like, well, if anything goes wrong with BTC, we can just swap out BCH. That's uncertainty because you're saying something can go wrong and whatever. It's fine. Uncertainty is bad for fragile people and good for anti-fragile people. And if you don't know what that means, you need to read the book because it's very good, anti-fragile. And so next thing I'm looking for is anti-fragile people because they are people who are going to be attracted to uncertainty and will be able to live just fine in an uncertain environment. And in fact, that's good for them. So cult members don't like uncertainty, by the way, because that's one of the ways that you emotionally manipulate people is people are attracted to certainty. So if you make them think that everything is certain, that makes them feel good, then they don't want to talk to uncertain people as much. So yeah, uncertainty is my favorite kind of certainty. OK. So the previous stuff I said are things that should be attractive to anybody who is thinking about what is going on, I think. So now I'm going to talk about how to attract old Bitcoiners specifically, which is key to success. And this is where the riskiness comes in because I'm going to tell you what is the optimal way to be risky, in my opinion. And oh, but I cannot tell you what the correct amount of riskiness is because that's going to involve a conflict of interest, if I were to say what the correct amount of riskiness is. So other people have to figure that out. So next slide. So here's what will attract the old Bitcoin investors. So if BCH is something where people think it's probably going to be around still in the future, no matter what crazy stuff happens in Bitcoin, which remember what I said is key to success. That is the key thing. If the old investors are thinking that and they are not worried about what's going on in BCH, then that means the BCH over the Bitcoin index fund price is going to provide more feedback to the core chain than it is to the Bitcoin cash chain. So what's going on with the price will tell you more about what is happening with the core chain. And that means that this price is providing them with the best possible market feedback from the old investors in Bitcoin. Because remember the old investors, they have a bigger effect on this price relative to other prices in Bitcoin. So we are amplifying the will of the old investors in Bitcoin with this price. And if you convince the old investors that Bitcoin cash is going to be a survivor, not necessarily successful in terms of winning, but just a survivor, then they don't have to worry about it. And the price will be focused on BTC. And that's what the price will reflect. And I know that the core group does not want to pay attention to this price. So as long as they continue to try not to pay attention to it, then it is the most self-defeating if it is the best possible information. So the risk is that they will learn to pay attention to the feedback and be trained to behave better. And if that happens, then there will be less opportunity to swap BCH out for BTC, right? That's the risk, but I don't know. But it also increases the uncertainty, right? Because if they are trying to ignore it, that means their mistakes will be bigger. So if you've read the book It, the monster's powers are like a mirror. That's what the book says. And if you saw my video on strategy in the core cash conflict, I said that BCH should be like the it monster. So that's what happens if investors are not worried about BCH's survival long term, and they're not paying too much attention to it. Then the price becomes a mirror of BTC. So maximize creativity, and you're ready for exponential growth at any time. Investors aren't worried. So the ideal situation, I think, would be like the investors are thinking, wow, this BCH is really good for teaching the BTC people how to do what I want. Wait a minute. Maybe I should just go with BCH instead, because they're so much easier to work with. That's kind of what should be happening in the investor's mind, I think. So there are two ways to make old Bitcoin investors more powerful, which is what will attract them to BCH. And so one of them is winning. And I already said this, but do you see what I'm saying? Like I'm saying that BCH can be somewhat altruistic toward the old investors in Bitcoin simply by providing this market feedback for BTC. So this is why it's a conflict of interest, because I would be fine if BCH trained the core developers to behave better. But that would also make it less likely to succeed if that happened. So there's the risk, and that is the optimal risk, I think. And once again, it's a conflict of interest for me to say what the correct amount would be. So other people should figure that out. So if they were to say, we are the main plan, but BCH is the backup plan, that would be a lot better than what's happening now. And if they did that, then that would be an idea that is more in line with BTC being a good investment, I think. I guess I already said all of this. But ninth item, no one is worried about the core devs learning quickly enough. This could be the case because you are diversified, which is what I think is a good investment strategy, or because you don't think that will really happen. So I don't know why people would be thinking that, but if they are not worried about the core devs learning quickly enough, then that is also a good sign. So that's my list. Next item, conclusion. Yeah, it's a summary. Maximize creativity. Prepare for sustained open-mindedness. Attract people who are creative anti-fragile. Be more indifferent to price than the core chain can afford to be by being better at survival. And enable best possible market feedback to core chain. And applaud them and stay in second position if they learn well. Be prepared to expand exponentially any time they make a mistake. And last slide has my Twitter handle and just a, here's the list again. All right, thank you, Daniel. Now we have five minutes for Q&A, and I think we have some awesome questions. So please go ahead. I guess I think that you should figure out what other people would think survival means, because that would be something that people would have different opinions about. Another question? Do I get to pick who answers the question? You go ahead. You're in charge. Go ahead. I see a hand up here. But don't we need somebody with a microphone? We do. We don't have a mic runner. You want to run? OK, yeah. Simon Dixon from banktothefuture.com. One of the challenges with Bitcoin has always been just the psychology of no one wants to be Bitcoin pizza guy. So you refer to things as an investment when we're trying to create cash. And the challenge is that when you create something successful, the price tends to go up, and then no one wants to spend it, because it's the rational thing to do, to spend the money that you think isn't going up in price and to save the money you think is going up. So I'm just wondering, it seems like if this does succeed at becoming cash, then people won't want to spend it if the price is going up. And how do you overcome that? Because that's exactly what happened with Bitcoin and anything else that succeeds in this industry. Well, I mean, I think that that's fine. A portion of your investment portfolio should be in cash, and you shouldn't want to sell it unless something better comes along. Because the value of cash in your portfolio is that you can take advantage of other people's mistakes. Because if a business starts to do badly, then the price goes down. And if you think it can still succeed, then you can buy it at a discount. And you're first in line because you're the one who's holding cash. And that's the value of cash as an investment as a part of your portfolio. And if the value of the cash is going up rapidly and you think it's going to be higher in the future, then that just means there's not other things that you would want to buy with it at that particular time. Next question. Well, whatever. That's getting into details too much for me. Thank you. Hey, I was just wondering if you've updated or nuanced in any way your theory of hyperbitcoinization. OK, so hyperbitcoinization is a guided imagination article. And it is not a prediction. So if you look at the article, what I say is we should imagine what that scenario would really look like because it could really happen. But I do not say anything about how likely I think it is, although I do act very confident about it. But I don't know. I don't really have any updates. But I know that the meme hyperbitcoinization is sort of has been used to generate hype in a way that I would not feel comfortable doing. And we have time for one last question. There's somebody. My name is Ben. I have a mining farm in China. I can mine two Bitcoin, one Bitcoin within two days or five Bitcoin cash per day. So there is a rumor that Jihan Wu has multiple million Bitcoin cash on hands already. So my question is why I should mining Bitcoin cash instead of mining Bitcoin? Well, you should mine whatever is the most profitable. That's it. Thank you very much. Thank you, Dan. All right.